Governor Greg Abbott has signed Senate Bill 21 into law, authorizing the creation of the Texas Strategic Bitcoin Reserve—a state-administered fund to hold Bitcoin as part of Texas’ financial reserves.
Key provisions:
- Operates independently from the general treasury
- Only assets with $500B+ market cap (currently just Bitcoin) qualify
- Managed by the Texas Comptroller with input from a crypto advisory panel
- Can grow via direct buys, forks, airdrops, and donations
- Mandatory biennial public reporting
This follows HB 4488, which prevents the reserve from being absorbed into general revenue. While Arizona and New Hampshire have similar laws, Texas is the first to allocate public funds and establish a standalone Bitcoin reserve structure.
